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Cable Update (GBPUSD)

  • #519,061
  • May 6, 2020 11:26am May 6, 2020 11:26am
Quoting joesherwood
{quote} Think it’s entirely possible for price to at least hit 600/800 again, as we all know what goes down must come up it’s just when, I can see people putting in buys around this area
called it lol, wish i went in right there, easy 30 pips right there
  • #519,062
  • May 6, 2020 11:33am May 6, 2020 11:33am
Ok, now down, lets go!
  • #519,063
  • May 6, 2020 11:44am May 6, 2020 11:44am
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yes yes yes
  • #519,064
  • May 6, 2020 11:58am May 6, 2020 11:58am
tomorrow a lot of news will be released. What do you think of the GU predictions?
  • #519,065
  • May 6, 2020 12:00pm May 6, 2020 12:00pm
Two buy trades are ideal first from this level 1.2350 then second potential buy from 1.2250, stop for both can be set at 1.2150 while target should be at 1.2550. recommended stake being maximum of 5%. Stay safe and trade profitably.
Data + Stat + Risk/Emotions Management
  • #519,066
  • May 6, 2020 12:50pm May 6, 2020 12:50pm
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #519,067
  • May 6, 2020 12:53pm May 6, 2020 12:53pm
Quoting ServerUang
tomorrow a lot of news will be released. What do you think of the GU predictions?
https://www.fxstreet.com/news/gbp-us...n-202005061304

Prepare yourself. I see the pound going up tomorrow after some reassurance from the BOE and after that back south.

This is my opp, I might be wrong, after all I thought the pound will go up today, so...
Patience and Discipline.
  • #519,068
  • May 6, 2020 12:55pm May 6, 2020 12:55pm
M5
Removed my BuyStop
No Momentum is here....
atb vvm
PA Trading with EMAs & common Sense
  • #519,069
  • May 6, 2020 1:36pm May 6, 2020 1:36pm
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tl attraction it was . So it has to be long 2490 . 2515 and the 1.4300
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  • #519,070
  • May 6, 2020 2:03pm May 6, 2020 2:03pm
Quoting Moty
{quote} dx can't go up , so gu will retrace {image}
Attached Image
Focus.
  • #519,071
  • Edited 3:16pm May 6, 2020 2:33pm | Edited 3:16pm
any traders here holding onto the sell?
My Strategy is very very simple. 1 EMA on a 1 Hour chart
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  • #519,072
  • May 6, 2020 2:42pm May 6, 2020 2:42pm
Buy Limit 0.03 @ 1.23333
TP @ 1.24750
No stop loss to not let tomorrow's drop delete this transaction.
WT
  • #519,073
  • May 6, 2020 2:56pm May 6, 2020 2:56pm
Quoting Bartosz77
Buy Limit 0.03 @ 1.23333 TP @ 1.24750 No stop loss to not let tomorrow's drop delete this transaction.
why are you buying dude before any sign of a move, and i would wait to see what is does at the swing low 1.2250
  • #519,074
  • May 6, 2020 3:07pm May 6, 2020 3:07pm
Break 2300 2208 1950
  • #519,075
  • May 6, 2020 3:10pm May 6, 2020 3:10pm
Quoting mkvy
{quote} TP 1.33
Is that your point of view?
Patience and Discipline.
  • #519,076
  • May 6, 2020 3:17pm May 6, 2020 3:17pm
Quoting Stefan90csk
{quote} Is that your point of view?
It was, but the market changed and so did my view
  • #519,077
  • May 6, 2020 3:21pm May 6, 2020 3:21pm
Quoting mkvy
{quote} why are you buying dude before any sign of a move, and i would wait to see what is does at the swing low 1.2250
This is my prediction of what will happen tomorrow. I'm not able to watch the price all the time, therefore I am setting a transaction to be trigerred "at least at that point" (if the price drops below it doesn't bother me).
Tomorrow is the last working day of the week in the UK, with Friday being Bank Holiday I am looking into the next week already.
On Sunday British government will announce measures to ease the lockdown. With the lockdown being released, it means that we are slowly going back to normal "pre-pandemic" way of life. That is a huge message for the economy.
All of that means that GBPUSD is heading back north to 61.8 MAJOR Fib (1.27122).
WT
  • #519,078
  • Edited 3:36pm May 6, 2020 3:26pm | Edited 3:36pm
Quoting Bartosz77
{quote} This is my prediction of what will happen tomorrow. I'm not able to watch the price all the time, therefore I am setting a transaction to be trigerred "at least at that point" (if the price drops below it doesn't bother me). Tomorrow is the last working day of the week in the UK, with Friday being Bank Holiday I am looking into the next week already. On Sunday British government will announce measures to ease the lockdown. With the lockdown being released, it means that we are slowly going back to normal "pre-pandemic" way of life. That...
I hope so the lockdown is ridiculous now, everyones driving around now anyway. I Really dont think Boris will give us anything much. Possibly 2 periods of exercise allowed in one day, and thats it. 6000+ infections reported is way too high in one day
  • #519,079
  • May 6, 2020 3:30pm May 6, 2020 3:30pm
Forreal. I just wanna drive again without being questioned. Also got so much stuff to sort when this is all over hoping for good news
  • #519,080
  • May 6, 2020 3:31pm May 6, 2020 3:31pm
Quoting Bartosz77
{quote} This is my prediction of what will happen tomorrow. I'm not able to watch the price all the time, therefore I am setting a transaction to be trigerred "at least at that point" (if the price drops below it doesn't bother me). Tomorrow is the last working day of the week in the UK, with Friday being Bank Holiday I am looking into the next week already. On Sunday British government will announce measures to ease the lockdown. With the lockdown being released, it means that we are slowly going back to normal "pre-pandemic" way of life. That...
I would like to think we are both right . It needs to bounce off that tl . There is not a lot of strong support until 2180 area but I was thinking that this line we’d the bottom support line and then work up to the high tl at around 3100 3200 area regards E
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